USA: Dole Food CEO unveils US$2.5bn bid
The CEO of Dole Food of the US yesterday [Sunday] offered to buy the 76% stake in the world's largest producer of fresh fruits that he does not already own for about US$1.26bn in cash. David Murdock, who is also chairman of Dole, said he would also assume the company's outstanding debt, bringing the value of his bid to $2.5bn. At $29.50 per share, the offer represents a 21% premium on Dole's closing price on the New York Stock Exchange of $24.49.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- 2017: three major drivers of M&A strategy
- Comment: Premier has more to ponder than Brexit
- The food market in 2017 - consumer trends and M&A
- just-food 2017 Survey - your thoughts on growth
- Food market in 2017: need-to-know US trends
- Premier Foods issues profit warning
- Nestle mum on Mead Johnson takeover talk
- UK's Bakkavor plays down IPO "speculation"
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs